Michael Saylor: Digital credit combined with traditional financial infrastructure

Michael Saylor posted on the X platform, stating that digital credit combines financial infrastructures such as corporate equity, preferred stock, trading markets, tax laws, and securities regulation that have gradually formed over hundreds of years.

Stretch, under Strategy, completed its initial issuance in July 2025, raising approximately $2.521 billion. Strategy stated that it has used the net proceeds after deducting expenses to purchase 21,021 bitcoins. Stretch is a perpetual preferred stock traded on NASDAQ, adopting a monthly dividend rate policy determined by the board of directors.